Blue Martini beats estimate

BarbaraC. Costanza

SAN MATEO, Calif., (CBS.MW) -- Blue Martini reported a narrower-than-expected loss for its fourth quarter as revenue more than quadrupled on its expansion into non-retail markets and into Europe and Asia.

The software company
BLUE, +2.74%
reported a net loss of $5.2 million, or 9 cents a share, vs. $3.2 million, or 7 cents a share, during the same quarter last year. Analysts polled by First Call expected a loss of about 10 cents a share.

Revenue jumped 365 percent to $27.5 million. Shares gained 31 cents to close at $11.50 ahead of the news.

Full-year report

For the year, the company posted a net loss of $29 million, or 54 cents a share, on revenue of $74.3 million, compared with the year-ago loss of $7.7 million, or 17 cents a share, on revenue of $11.2 million. Analysts expected a loss of 56 cents a share.

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